Research and Markets Collapse of Endowments Market and Boom in Mortgage Lending Has Led to Growth of UK Term Assurance Market



May 25, 2005 -- Research and Markets (http://www.researchandmarkets.com/reports/c17919) has announced the addition of UK Term Assurance 2005 to their offering.

The collapse of the endowments market and the recent boom in mortgage lending has benefited the term assurance market, with sales of mortgage and non-mortgage related products blooming. This report assesses market size and growth drivers within the term market, examines distribution trends, analyzes competitor performance and provides in-depth forecasts of the term market to 2009.

The report uses ABI statistics, SynThesys Life database, Swiss Re information, extensive secondary sources and primary interviews with leading players. It forecasts the size of the term market to 2009 and explains the key drivers at work and provides a competitor analysis of the leading three players. The report assesses the role of term assurance within protection and investigates the trends of mortgage & non-mortgage related business and provides distribution data by channel, identifying key sales trends and distribution competitor strengths to give sales channel forecasts to 2009.

Non-mortgage related term is forecast to grow at a faster rate than mortgage related product as the mortgage market slows, however a less rapid slowdown in sales of term than mortgages is predicted as some of the decline is cushioned by re-broking of existing policies. The trend towards low-lost high volume sales of term assurance will continue with supermarkets and other non-advice channels increasing their share of the total term assurance market.

For more information visit http://www.researchandmarkets.com/reports/c17919

Laura Wood
Senior Manager
Research and Markets
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Research and Markets Collapse of Endowments Market and Boom in Mortgage Lending Has Led to Growth of UK Term Assurance Market